Ordinance 71273

Chapter 99 Redevelopment Plan for the 4320-4330, 4350 and 4350R S. Kingshighway Blvd. Redevelopment Area

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Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 4320-4330, 4350 and 4350R S. Kingshighway Blvd. Redevelopment Area. This Board Bill will allow up to twenty years of tax abatement provided as follows: fifteen years (15) years of tax abatement based on 95% of the assessed value of the incremental improvements, followed by 5 years of tax abatement based on 90% of the assessed value of the incremental improvements. This Area includes unoccupied property which will be redeveloped for mixed-use.

Overview

Session: 2020-2021

Board Bill Number: 142

Sponsor: Carol Howard

Committee: Neighborhood Development

Effective: 02/27/2021

Legislative History

  • 10/09/2020

    First Reading

  • 12/04/2020

    Second Reading

  • 12/11/2020

    Perfection

  • 01/15/2021

    Third Reading

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